The Economic Growth of Lithuania

According to the “Economic Survey of Europe 2005 No. 1” announced by the United Nations Economic Commission for Europe (UNECE), the economic growth of Lithuania will perform significantly better than the global or EU economic development in 2005. The average rate of growth in Lithuania is forecast to increase by 5.8%. UNECE announced that economic growth should remain strong in central Europe and the Baltic States (EU-8) and reach the increase of 4.6%. The average annual rate of expansion of the global economy is forecast to be some 4.25% in 2005. For the euro area, real GDP will be some 1.8% in 2005. The average annual rate of economic expansion in the European Union (EU-25) will be 2.2% in 2005.